44,841 Shares in Atkore Inc. $ATKR Acquired by Ruffer LLP

Ruffer LLP acquired a new stake in shares of Atkore Inc. (NYSE:ATKR) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 44,841 shares of the company’s stock, valued at approximately $2,813,000. Ruffer LLP owned 0.13% of Atkore as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Dogwood Wealth Management LLC purchased a new stake in Atkore during the second quarter valued at about $26,000. BNP PARIBAS ASSET MANAGEMENT Holding S.A. purchased a new stake in shares of Atkore during the 2nd quarter worth about $28,000. Kestra Investment Management LLC grew its holdings in shares of Atkore by 710.9% during the 2nd quarter. Kestra Investment Management LLC now owns 446 shares of the company’s stock worth $31,000 after purchasing an additional 391 shares during the period. Strs Ohio acquired a new stake in Atkore during the 1st quarter worth approximately $36,000. Finally, Jones Financial Companies Lllp raised its holdings in Atkore by 61.8% in the first quarter. Jones Financial Companies Lllp now owns 644 shares of the company’s stock valued at $39,000 after buying an additional 246 shares during the period.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on the stock. Citigroup dropped their price objective on shares of Atkore from $66.00 to $64.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. CJS Securities upgraded Atkore to a “strong-buy” rating in a report on Thursday, December 11th. Royal Bank Of Canada restated a “sector perform” rating and set a $64.00 price objective on shares of Atkore in a research note on Thursday, January 15th. KeyCorp reaffirmed a “sector weight” rating on shares of Atkore in a research report on Friday, November 14th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Atkore in a report on Monday, December 29th. One analyst has rated the stock with a Strong Buy rating, one has assigned a Buy rating, four have assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $68.80.

Atkore Price Performance

Shares of NYSE ATKR opened at $68.36 on Thursday. The business has a 50 day moving average price of $66.34 and a two-hundred day moving average price of $65.21. Atkore Inc. has a fifty-two week low of $49.92 and a fifty-two week high of $83.86. The firm has a market cap of $2.31 billion, a PE ratio of -131.47 and a beta of 1.58. The company has a quick ratio of 2.13, a current ratio of 3.05 and a debt-to-equity ratio of 0.54.

Atkore (NYSE:ATKR) last released its earnings results on Wednesday, November 19th. The company reported $0.69 EPS for the quarter, missing the consensus estimate of $1.30 by ($0.61). The business had revenue of $752.01 million for the quarter, compared to analysts’ expectations of $733.61 million. Atkore had a negative net margin of 0.53% and a positive return on equity of 12.98%. The business’s quarterly revenue was down 4.6% compared to the same quarter last year. During the same quarter last year, the company posted $2.43 earnings per share. Sell-side analysts expect that Atkore Inc. will post 5.79 earnings per share for the current fiscal year.

Atkore Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Tuesday, February 17th will be paid a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.9%. The ex-dividend date is Tuesday, February 17th. Atkore’s dividend payout ratio is -253.85%.

Insider Activity at Atkore

In related news, insider Mark F. Lamps sold 1,000 shares of Atkore stock in a transaction dated Monday, November 17th. The stock was sold at an average price of $64.75, for a total value of $64,750.00. Following the completion of the transaction, the insider directly owned 29,923 shares in the company, valued at approximately $1,937,514.25. This trade represents a 3.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Atkore Profile

Atkore International Group Inc (NYSE: ATKR) is a diversified global manufacturer of electrical raceway and mechanical products, serving a broad range of end markets including commercial construction, industrial facilities and energy infrastructure. The company’s electrical product portfolio encompasses conduit, tubing, fittings, connectors and cable management systems designed for use in residential, commercial and industrial wiring applications. On the mechanical side, Atkore offers pipe support solutions, seismic bracing, HVAC hangers and other mechanical products that address critical building and process piping needs.

Founded as a family-owned business before its reorganization into a standalone public company in 2016, Atkore has grown through both organic investment and targeted acquisitions.